Growth stocks had a huge year in 2020 following the downturn that accompanied the start of the pandemic. In this digital era, new industry leaders are steadily developing more efficient ways of doing business and displacing previously entrenched incumbents. So while 2021 is not likely to feature a repeat of last year's surge in stock market value, a number of tech companies still have plenty of potential for years of growth. Three that are riding unstoppable digital trends are Zoom Video Communications (NASDAQ: ZM) , NVIDIA (NASDAQ: NVDA) , and Alibaba (NYSE: BABA) .
Zoom was a high-growth company before COVID-19 struck, but the pandemic turned the cloud-based video communications company into an instant household name. For its fiscal 2021, which ended Jan. 31, 2021, revenue soared by 326% to $2.65 billion, and the company reported a 470% increase in business customers with at least 10 employees to 467,100.
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Investing in 2021? These 3 Stocks Are Riding Unstoppable Trends